-The Hindu “If it is withdrawn, Centre will need to compensate States for increased cooking fuel cost” Unable to get an exemption for the cooking gas cylinders used for the Mid-Day Meal Scheme in the wake of a steep hike in the prices of domestic gas, Union Human Resource Minister Kapil Sibal has suggested that the Petroleum Ministry consider providing subsidised LPG cylinders for the current fiscal year. “It might be preferable at...
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IOC cuts petrol price by 56 paise
-The Times of India Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times. The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre....
More »LPG price up by Rs 11.42 after dealer commission is marked up; petrol, diesel rates may go up
-PTI The price of liquefied petroleum gas (LPG) used as cooking gas has been increased by Rs 11.42 per cylinder after the government decided to raise the commission paid to dealers. Petrol and diesel prices may also go up marginally as the oil ministry is thinking of raising the dealers’ commission by at least 23 paisa and 10 paisa a litre respectively. On Friday, the ministry issued orders raising the commission paid to...
More »Non-subsidized LPG refill at Rs 883, set to go up further- Piyush Pandey
-The Economic Times Housewives can expect tough times ahead maintaining household budgets as all indicators suggest that prices of non-subsidized domestic cooking gas cylinders are expected to go up till March, 2013, much before they exhaust their quota of another three subsidized cooking gas cylinders. This is because the price of domestic liquefied petroleum gas (LPG or cooking gas) has been linked to international gas prices which typically shoots up during the...
More »Petrol price may be cut by Rs 1.6 a litre
-PTI Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes, there is about...
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